Wider loan portfolio boosts AUB income

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The story "Wider loan portfolio boosts AUB income" was covered 1 days ago by Business Mirror, a news publisher based in Philippines.

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Wider loan portfolio boosts AUB income - Business Mirror

Quick Summary:

THE Asia United Bank Corp.(PSE: AUB) announced last Tuesday that its net income in the first three months of the year rose 34 percent to P3.1 billion from the previous year’s P2.3 billion, mainly on the expansion of its loan portfolio.

Gomez was quoted in a statement as saying.“While we are confident of our performance, we remain cautiously optimistic about the near-term outlook for the global economy due to the ongoing trade wars, the potential disruption in global supply chains, the projected slowdown in many major economies, and the growing geopolitical tension in some parts of the world,” Gomez said.

AUB closed in Tuesday’s stock trading at P72.15 apiece, up by P3.75 from the previous close.“We have managed to sustain the growth in our profitability since the pandemic, thanks to our robust core business and digital partnerships,” AUB President Manuel A.